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P2P lending achieves 10-fold growth with returns as high as 25% in 1 year

Some of the players in the sectors are themselves wary of this unregulated interest rate regime

Topics
P2P Lending | Peer-To-Peer Lending

Namrata Acharya  |  Kolkata 


Last month, Nitin, a college student, earned 22 per cent returns out of his monthly allowances.

He is a regular investor in peer-to-peer (P2P) lending platforms, and was attracted to P2P lending by an advertisement which said something like this, “now earn 24 per cent returns on unused liquidity by lending to real people” In the last one year, no other sector weathered slowdowns and financial crisis in India like the peer-to-peer (P2P) lending - essential platforms which cater to subprime borrowers. A sunrise sector in the Indian financial sector landscape, P2P lending, ...

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First Published: Wed, February 12 2020. 16:27 IST

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